Quilam Capital has launched a JV with J.P. Morgan, which sees Quilam enter the senior credit market, taking aim at the UK and European non-bank speciality finance sectors.
Facilities will range from £50m to £250m plus for platforms across the broad range of consumer, SME, leasing and property sub sectors.
Founded in 2017 by Kieran McSweeney and Marc Sefton, Quilam supports and invests in specialist lending businesses, offering structured capital solutions.
The new senior debt offering can incorporate traditional senior and bespoke stretched-senior facilities and complements the firm’s existing product suite.
Jordan Blakesley, managing director at Quilam Capital commented: “We’re incredibly excited to launch this new strategic partnership with J.P. Morgan, which introduces another experienced institutional investor to our investment platform with shared values and approach to risk.
“Both teams are committed to supporting the speciality finance market and have collaborated to produce a product that provides scalable support outside of restrictive securitisation regimes.
“We have multi-billion pound ambitions to reshape the credit market in an enormous way.”
Rob Tanna-Smith, executive director at J.P. Morgan, commented: “In Quilam we have a partner with deep heritage in supporting growing lending platforms and delivering thoughtful credit solutions. This new venture will extend our breadth of coverage of this sector.”
Quilam Capital were advised by Macfarlanes LLP, led by Andrew Perkins. J.P. Morgan were advised by Latham & Watkins LLP, led by Tom Cochran.